Greenland Tackles Financial Crime with Comprehensive Training and Whistleblower Scheme

In an effort to combat financial crime in Greenland, Royal Greenland has implemented a robust anti-corruption training program for its employees. This initiative is designed to heighten risk awareness among personnel and ensure that they are aware of the potential consequences of corrupt behavior.

Zero Tolerance Policy

Royal Greenland’s code of conduct emphasizes zero tolerance for common forms of financial crime, including:

• Tax evasion: intentionally avoiding or underpaying taxes
• Money laundering: concealing or disguising the origin of illicit funds
• Embezzlement: misappropriating or stealing company funds
• Bribery: offering or receiving improper gifts or favors

Whistleblower Scheme

To encourage employees to report suspicious activity, Royal Greenland has established a whistleblower scheme. This move aims to prevent involuntary involvement in corruption cases and ensure that the company receives reports of potential wrongdoing.

Results and Progress

The training program has yielded impressive results:

• No reported corruption cases: in 2023
• Successful onboarding: new employees through comprehensive training modules

A single case was reported via the whistleblower scheme, demonstrating the effectiveness of the reporting mechanism.

Ambition for 2030

Royal Greenland aims to strengthen its anti-corruption measures by expanding the whistleblower scheme to include partly-owned companies. This move underscores the company’s commitment to maintaining a culture of transparency and accountability in all aspects of its operations.

By prioritizing employee training and whistleblower protection, Royal Greenland is well-positioned to prevent corruption and maintain a reputation for integrity.